Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement of the Placing under Placing Programme announcement released yesterday.
19 May 2017
RM Secured Direct Lending Plc
("RMDL" or the "Company")
Result of Placing under Placing Programme
RMDL, an investment trust specialising in secured debt instruments, announces that, further to the announcement made yesterday, the Company has received commitments from investors subscribing for a total of £7.1 million (before costs and expenses) via the Placing.
Accordingly, an aggregate of 7,000,000 New Ordinary Shares have been issued and allotted conditionally upon admission at the Placing Price of 101.25 pence each.
Application has been made for admission of the New Ordinary Shares to listing on the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 24 May 2017.
Following Admission, the Company will have 57,300,000 Ordinary Shares in issue. Therefore, the total number of voting rights of the Company will be 57,300,000 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest in, the Company.
For further information, please contact:
RM Capital Markets Limited - Investment Manager
Tel: 0131 603 7060
Nplus1 Singer Advisory LLP - Sponsor, Financial Adviser and Broker
Tel: 020 7496 3000
Bell Pottinger - Financial PR
Tel: 020 3772 2582
International Fund Management - AIFM
Tel: 01481 737600
PraxisIFM Fund Services (UK) Limited - Administrator and Company Secretary
Tel: 020 7653 9690
About RM Secured Direct Lending
RM Secured Direct Lending Plc is a closed-ended investment trust established to invest in a portfolio of secured debt instruments.
The Company aims to generate attractive and regular dividends through loans sourced or originated by the Investment Manager with a degree of inflation protection through index-linked returns where appropriate. Loans in which the Company invests are predominantly secured against assets such as real estate or plant and machinery and/or income streams such as account receivables.
For more information, please see https://rm-funds.co.uk/rmdl/investor-relations/
This information is provided by RNS